Buying the cheapest insurance for a Ford Fusion is pretty simple for most people to do, but it depends on a complicated rating formula that uses factors such as whether the vehicle is new, your credit status, and your motor vehicle report. Drivers in Michigan will pay on average $2,982 a year for Fusion insurance, but that figure is an estimate calculated based on a 40-year-old single female driver with full comprehensive and collision coverage and $100 deductibles.
But there is a good chance that you’re not a 40-year-old female, you might be married instead of single, and you need different coverage limits than the sample rates. Having even a minor difference in rating variables or coverage information can result in a big discrepancy in the cost of insuring your Fusion.
Having different needs demonstrates why the best way to find cheap insurance rates for your Ford is to do a thorough rate comparison.
Cheapest Ford Fusion Insurance Rates
The trim level of your vehicle will be a contributing factor to the cost of coverage, so the price you will pay to insure a Fusion S 4-Dr Sedan will be $580 less than the cost to insure the more expensive Fusion Sport AWD 4-Dr Sedan model, as demonstrated by the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fusion S 4-Dr Sedan | $570 | $1212 | $898 | $54 | $268 | $3,002 | $250 |
| Fusion SE 4-Dr Sedan | $644 | $1428 | $898 | $54 | $268 | $3,292 | $274 |
| Fusion Hybrid 4-Dr Sedan | $644 | $1644 | $1122 | $66 | $336 | $3,812 | $318 |
| Fusion SEL 4-Dr Sedan | $644 | $1428 | $898 | $54 | $268 | $3,292 | $274 |
| Fusion Sport 4-Dr Sedan | $644 | $1428 | $898 | $54 | $268 | $3,292 | $274 |
| Fusion SEL AWD 4-Dr Sedan | $718 | $1644 | $898 | $54 | $268 | $3,582 | $299 |
| Fusion Sport AWD 4-Dr Sedan | $718 | $1644 | $898 | $54 | $268 | $3,582 | $299 |
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Price data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Michigan minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Table data does not factor in zip code location which can modify auto insurance rates substantially.
Best insurance company in Detroit
Picking the top insurance company is hard considering how many companies are available to choose from in Michigan. The information in the lists below may help you analyze which car insurance providers you want to consider when trying to find cheaper insurance for a Ford Fusion.
The rankings below only include insurance companies that insure vehicles in the majority of U.S. states, so companies with more of a regional focus are not included in these rankings. To get rate quotes and find cheaper insurance for a Ford Fusion, click here.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| The Hartford | 88 | 96 | 91 | 93% | A+ | 92.6 |
| Progressive | 84 | 94 | 99 | 90% | A+ | 92.4 |
| State Farm | 84 | 93 | 95 | 87% | A++ | 91 |
| Farmers Insurance | 87 | 92 | 90 | 85% | A | 90.6 |
| Safeco Insurance | 85 | 91 | 87 | 86% | A | 88.4 |
| USAA | 71 | 93 | 98 | 87% | A++ | 88 |
| GEICO | 73 | 93 | 95 | 85% | A++ | 87.1 |
| 21st Century | 85 | 85 | 91 | 89% | A | 86.9 |
| Liberty Mutual | 72 | 91 | 97 | 83% | A | 86.4 |
| AAA Insurance | 85 | 85 | 88 | 86% | A | 85.8 |
| Nationwide | 71 | 90 | 93 | 83% | A+ | 84.9 |
| Allstate | 69 | 92 | 92 | 83% | A+ | 84.4 |
| American Family | 77 | 96 | 80 | 85% | A | 83.8 |
| Esurance | 70 | 80 | 89 | 77% | A+ | 79.2 |
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Data Source: Insure.com Best Car Insurance Companies
Accidents and violations increase rates
The common sense way to enjoy the most affordable insurance premiums in Michigan for a Fusion is to be a careful driver and avoid accidents and traffic violations. The information below demonstrates how citations and at-fault claims can increase insurance costs for each age group. The data assumes a single male driver, full physical damage coverage, $250 deductibles, and no policy discounts are applied.
In the previous example, the average cost of an auto insurance policy per year with a clean driving record and no accidents is $5,433. Get two speeding tickets and the average cost hikes up to $7,215, an increase of $1,782 each year. Now get two accidents along with the two speeding tickets and the annual cost of insurance for a Ford Fusion jumps again to an average of $13,795. That’s an increase of $8,362, or $697 per month, just for a couple of infractions!
Liability rates compared to full coverage
Reducing premiums for insurance is the goal of most people, and an effective way to find cheap insurance for a Ford Fusion is to only pay for liability coverage. The information below illustrates the difference between premium costs with full physical damage coverage compared to only buying liability only. The rate quotes are based on no driving violations, no at-fault accidents, $1,000 deductibles, drivers are not married, and no discounts are factored in.
If we average all the age groups together, full coverage costs an additional $3,882 per year more than carrying just liability coverage. That raises the question if buying full coverage is a good investment. There isn’t a steadfast formula of when to stop paying for physical damage coverage on your policy, but there is a general convention. If the annual cost of coverage is 10% or more of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.
For example, let’s pretend your vehicle’s claim settlement value is $12,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would receive is $11,000 after paying your deductible. If it’s costing in excess of $1,100 annually for physical damage coverage, then you may need to consider dropping full coverage.
There are a few situations where dropping full coverage is not a good plan. If you still owe a portion of the original loan, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should keep full coverage on your policy.
Get discount Detroit auto insurance
Insurers that provide coverage for a Ford Fusion may additionally offer price discounts that may potentially lower prices by as much as 25% or more if you can meet the requirements. Popular insurance companies and some of the premium reductions they offer are:
- 21st Century has discounts for theft prevention, driver training, 55 and older, homeowners, and teen driver.
- Progressive offers discounts including good student, continuous coverage, multi-policy, homeowner, online signing, and multi-vehicle.
- State Farm offers discounts for good student, accident-free, passive restraint, multiple policy, defensive driving training, and Steer Clear safe driver discount.
- Nationwide may offer discounts for defensive driving, Farm Bureau membership, good student, accident-free, anti-theft, and multi-policy.
- Esurance has savings for multi-policy, Switch & Save, good student, DriveSense, anti-lock brakes, and good driver.
- The Hartford may include discounts for defensive driver, anti-theft, air bag, good student, and bundle.
The information below visualizes the comparison of yearly insurance costs with and without policy discounts. The information is based on a male driver, a clean driving record, no claims, Michigan state minimum liability limits, comprehensive and collision coverage, and $250 deductibles.
The first bar for each age group shows premium with no discounts. The lower bar shows the rates with homeowner, accident-free, claim-free, anti-theft, multiple vehicle, and safe-driver discounts applied. When drivers qualify for the discounts, the average savings per year on insurance for a Ford Fusion is 28% or $1,293.